USDA Export Sales; Wheat Futures Lower

The USDA reported today that wheat export sales for the week ending February 16th totaled 451,300 tonnes. Sales were down 23 percent from the four week average. There were 256,500 tonnes sold for 2018. March Chicago Wheat is trading at 435 3/4, down 2 1/4 cents/bushel. May Chicago Wheat is trading at 451 1/4, down 2 1/4 cents/bushel. March Kansas City Wheat is trading at 455 1/4, down 2 1/2 cents/bushel.